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Nasdaq Finally Sends Out FaceBook Trade Confirms... With Two Hour Delay

Tyler Durden's picture


Well, better late than never.

Note: these are not our trades.


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Fri, 05/18/2012 - 13:59 | 2440898 Debtless
Debtless's picture

You lost 10% from what you paid. This is your confirmation.

Fri, 05/18/2012 - 14:03 | 2440925 CharlieSDT
CharlieSDT's picture

 I keep coming across articles indicating that the fraudulent sacks of shit on Wall St. are trying to value it the company at $100 billion. This is a absurdity of this assertion should be painfully obvious to anyone who takes even a cursory look at the numbers. The mathematics are simple enough even for small children to understand.


But of course on today, there is a mass IPO hysteria and all sorts of retards will bid the stock up to ridiculous levels, and yes, Facebook will reach and probably exceed that $100 billion valuation. Then I will wait impatiently for a week or two for people to write some puts. On a long enough timeline, I guarantee you, Facebook is a losing investment and I can’t wait to take the other side of that bet.

Fri, 05/18/2012 - 14:09 | 2440939 Aziz
Aziz's picture

What's two hours in the life of an algo?

Fri, 05/18/2012 - 14:20 | 2440976 AldousHuxley
AldousHuxley's picture

what happend at 1:51pm?

Fri, 05/18/2012 - 14:24 | 2440988 knukles
knukles's picture

What was really fun was waiting for the stock to open with the excuse being that traders were having trouble cancelling or modifying orders.

Cancelling or changing?

Where'd the old days go when you placed an order and the fucking thing was executed and if you screwed up, tough baggage?

Fri, 05/18/2012 - 14:27 | 2441002 AldousHuxley
AldousHuxley's picture

bunch of unemployed MBAs day trading out there on FB.


NASDAQ is down near day's lows and they aren't letting FB sink back down below $40 when it should be $39 about now.

Fri, 05/18/2012 - 14:33 | 2441029 knukles
knukles's picture

What a clusterfuck all the way round.
Cancelling, etc., late opening, no follow through, abysmal valuation, syndicate support of supposedly landmark deal, hype extroidinaire including hoodies on CNBS, excuses for long term valuation now that there's no pop....

Seminal canary in the proverbial coal mine.

Not to mention Europe coming fucking unglued.
China supposedly weakening.
Taxageddon due in the new year.

Bonds, bullion and cash, babe.

Fri, 05/18/2012 - 14:55 | 2441229 AldousHuxley
AldousHuxley's picture

2,000,000 + order by UBS on FB.... @ $40.00


some back stop sign for traders to buy all at $40


every 15min they try to pump this shit up a quarter.

Fri, 05/18/2012 - 14:58 | 2441250 AldousHuxley
AldousHuxley's picture

UBS @ $39.50

Fri, 05/18/2012 - 14:59 | 2441257 AldousHuxley
AldousHuxley's picture

all support gone. free fall now until some last minute pump action by the close

Fri, 05/18/2012 - 15:13 | 2441343 AldousHuxley
AldousHuxley's picture

end of the day pump starting now

Fri, 05/18/2012 - 15:40 | 2441491 barliman
barliman's picture


How's that working out for them?

Well, currently trading at $ 38.02 and there are 12.3 million bid at $ 38.00 on nadq and 7.7 million bid at $ 38.00 on arca.

Update: 4.4 million bid added at $ 38.00 on ubbs and 1 million added on edgx at $ 38.00

Update: Edgx position taken out  - other three total of 25 million now at 21 million and dropping


Fri, 05/18/2012 - 15:42 | 2441517 AldousHuxley
AldousHuxley's picture

looks like the pump is just being used to prop up IPO price of $38.


Fri, 05/18/2012 - 15:50 | 2441541 Kreditanstalt
Kreditanstalt's picture

What kind of "stock" has an artificial $38 floor below it?  A floor DESPERATELY hoping that something good will happen on Monday so they can unload at a profit?

This whole manipulated thing is a joke...anyone playing with the machines deserves the losses they will eventually get - waterfall losses... 

What does this do to any shreds of NASDAQ credibility left?

Fri, 05/18/2012 - 15:59 | 2441604 NewThor
NewThor's picture

i am saving my money to get a piece of the Emily Chang IPO.

Fri, 05/18/2012 - 15:49 | 2441553 AldousHuxley
AldousHuxley's picture

FB fun lasts as much as FB friends.....

Fri, 05/18/2012 - 15:52 | 2441559 Kreditanstalt
Kreditanstalt's picture

$38.01 - $38.00 - $38.01 - $38.00 -$38.01 - $38.00.........................zzzzzzzzz unreality-land

Phones SHOULD be ringing at the SEC

Fri, 05/18/2012 - 16:03 | 2441629 AldousHuxley
AldousHuxley's picture

underwriters guarantee IPO price.


they just sell it to themselves

Fri, 05/18/2012 - 15:53 | 2441571 barliman
barliman's picture


Word of the day: Asymptotic

Use in a sentence: FB is asymptotically approaching the underwriter's floor price of $ 38.00 through the end of trading today.

Current floor at $ 38.00 is roughly 15 million shares and DROPPING


Fri, 05/18/2012 - 15:55 | 2441581 barliman
barliman's picture



6 million and dropping.

If this floor gives way, this is going to be a mega- disaster!


Fri, 05/18/2012 - 15:57 | 2441587 Kreditanstalt
Kreditanstalt's picture

It won't...but Monday will be interesting.  BTW, there's another $530 floor at AAPL...

Fri, 05/18/2012 - 16:04 | 2441627 barliman
barliman's picture


Nothing to see here, move along ...

... and with 4 minutes go - somebody threw a lot of "chaff" bids in up to $ 38.30 and the clearing trade rate slowed from  2.5 million/minute to under 1.0 million/minute ...

what a coincidence ...

All multimillion bid positions at $ 38.00 on all exchanges have been cleared on market close.



Fri, 05/18/2012 - 16:08 | 2441647 barliman
barliman's picture


and since everything comes full circle ...

lots of random bid positions being closed ... AFTER the market has closed prices up to $ 42.00

Gang rape, the horror never ends!


P.S. yep, ther went another one at 16:07 timestamp.

Fri, 05/18/2012 - 16:10 | 2441660 barliman
barliman's picture


ADF exchange just processed two 50,000 share positions at $ 42.00



Fri, 05/18/2012 - 16:29 | 2441758 barliman
barliman's picture


FINRA Alternative Display Facility (ADF)

is the place where all the ass raping trades are taking place.




Fri, 05/18/2012 - 16:52 | 2441864 AldousHuxley
AldousHuxley's picture

nakid sorting @ $42 afterhours

Fri, 05/18/2012 - 15:57 | 2441589 Marginal Call
Marginal Call's picture

Let Morgan and Goldman buy all the shares.  Dimon is on a roll, he can be the bag holder.

Fri, 05/18/2012 - 15:43 | 2441522 insanelysane
insanelysane's picture


You say all that stuff like it's bad.

Fri, 05/18/2012 - 23:26 | 2442746 Golden monkey
Golden monkey's picture

"Bonds, bullion and cash, babe."

We kindly suggest the following portofolio reallocation :

Bond, bullions and shotgun slugs.


Fri, 05/18/2012 - 14:49 | 2441183 boogerbently
boogerbently's picture


Basically trading flat. 5% Up from notional $38 start. The most anticipated DISAPPOINTMENT in IPO history.

NO likes or trusts Zuckerberg.

Zero safety of personal information.

The KNOWLEDGE that the ONLY way FB makes $$ is by SELLING your information.

It's a popular "free" site, that users admit they never click on ads.

They've been talking about how they can "monetize" all their users.....but they haven't done it yet.

MAYBE if and when they do, they'll have a BUSINESS.

Right now, owners of FB shares are just part of a popular (faddish) club.

Months of pre-pumping worked for "Twilight" movies, but NOT a company that HAS no product.

It was worse than even I thought. I expected a quick 2-3X before diving into negative territory. Even the SHEEP avoided this one.

Fri, 05/18/2012 - 15:12 | 2441327 jus_lite_reading
jus_lite_reading's picture

Well said!! There are no more stupid sheep to slaughter, well maybe a few but not enough to sustain the ponzi... everyone else got wise to the scam...

Which means, GAME OVER... which means, the world is going to war over something. I'm now certain that is their next course of action...

Fri, 05/18/2012 - 16:37 | 2441795 AldousHuxley
AldousHuxley's picture

IPO is now for insiders and banksters to fleece retail by flipping a hyped up company that nobody understands except some mythodical brand name of the startup.


basically banksters are selling a story.

banksters were having to eat their own story today.

Fri, 05/18/2012 - 14:25 | 2440996 Ahmeexnal
Ahmeexnal's picture

Global thermonuclear war in the horizon: USA and UK sank the Kursk in 2000.

Fri, 05/18/2012 - 16:14 | 2441681 ebworthen
ebworthen's picture

Aziz asked:

"What's two hours in the life of an algo?"

At least enough for a smoke break!

Fri, 05/18/2012 - 16:24 | 2441733 Mr Kurtz
Mr Kurtz's picture

Jeesus, Ebworthen, that pic just scared the bejeebees outta me!

Fri, 05/18/2012 - 14:13 | 2440956 tempo
tempo's picture

America needs an idolt..Zuckenburg is the new Steve Jobs, fall to your knees America, Z respresents everything great about America since self absorbed continuous meaningless posting about yourself is now America. FB is a garbage collector picking up meaningless free pieces of info about 1 billion people. Then reselling the junk to Advertisers. FB values each user at $110 while generating about $1 of sales from each users. Over time FB will prove to be a bubble, just like US Treasuries.

Fri, 05/18/2012 - 14:20 | 2440975 idea_hamster
idea_hamster's picture

Mark Z and 23487324 broke idiots LIKE this!

Fri, 05/18/2012 - 14:29 | 2441012 AldousHuxley
AldousHuxley's picture

"Like" thumbs up going to be jammed up your ass soon.


social networking giant created by anti-social kid.

Fri, 05/18/2012 - 14:27 | 2441005 Waterfallsparkles
Waterfallsparkles's picture

I only rent stocks so I would not agree to buy a stock with a 90 day lock up.  You have no control over the stock for 90 days.  Trade at a huge loss and you cannot sell.  What a sham.

Fri, 05/18/2012 - 22:35 | 2442687 Buck Johnson
Buck Johnson's picture

It is, and I'll go even further.  I think the reason why the orders both buy and sell weren't showing for essentially the whole day, is the fact the big banks where front running the orders and making sure that this stock stay up.  You see it would be hard to manipulate a stock if everyone is able to see there order is in or out.  If I bought it at 40 and I don't know if I have it or not, I would be slow to sell if it goes under 40 now wouldn't I.  They didn't want a massive wave of momentum on the down side to start if like it did today the stock went up and then started down. 

CNBC was cheerleading this stock all week and worse yesterday when it was all facebook all the time on CNBC or should I call it FBNBC.  They are wanting a new era to sucker people into the market and have the game start again, the problem is t hat it's not happening.  With this crazy IPO coming out it was only able to end the day 23 cents above the issuing price and the dow went red again at -73.  They where hoping to bring this in to boost the market and it didn't.  I feel sorry for FB and the idiots who own the stock, because Sunday night/monday morning the stock is going lower big time.  It doesn't make anything and it's ad revenue from last year was 3.7 billion I believe, but that doesn't mean the profits where 2 billion or 1 billion.  I bet after all the bills and such, their "net" profit was probably 180 million dollars.

Fri, 05/18/2012 - 14:03 | 2440926 ihedgemyhedges
ihedgemyhedges's picture


Fri, 05/18/2012 - 14:07 | 2440933 Cognitive Dissonance
Cognitive Dissonance's picture

Filled at $58?

Yes. I'm even richer than I thought.

Fri, 05/18/2012 - 14:11 | 2440950 junkyardjack
junkyardjack's picture

Confirmed: Order to BUY FB; Ass partially filled

Fri, 05/18/2012 - 14:14 | 2440963 Cognitive Dissonance
Cognitive Dissonance's picture

"Full speed ahead. Damn the hemorrhoids." - Jamie Dimon

Fri, 05/18/2012 - 14:25 | 2440994 AldousHuxley
AldousHuxley's picture

watch out for PPT jacking up FB.


can't let big IPO  like FB flop....


2:22 just saw some of pump and dump action.


$40 seems to be the target. they are gonna keep ramping it up everytime at $40.01

Fri, 05/18/2012 - 14:36 | 2441077 kralizec
kralizec's picture

Due for another pump...and a bigger dump!

Fri, 05/18/2012 - 14:43 | 2441127 AldousHuxley
AldousHuxley's picture

nothing like end of the day (especially options expiration) pump for good weekend.


There is a massive barrier at $40.01

Fri, 05/18/2012 - 15:01 | 2441241 kralizec
kralizec's picture

They just went from 40.01 to 39.60 in a flash and added 5m in volume!  Wow, just a few minutes later and 5m more in volume and its trying to stay above 39!

Fri, 05/18/2012 - 15:02 | 2441275 CPL
CPL's picture

Give us a second.

Fri, 05/18/2012 - 15:03 | 2441280 CPL
CPL's picture

There we go.

Fri, 05/18/2012 - 15:09 | 2441313 kralizec
kralizec's picture

38.54.  (Snort!)

Fri, 05/18/2012 - 15:32 | 2441463 AldousHuxley
AldousHuxley's picture


Fri, 05/18/2012 - 15:42 | 2441516 kralizec
kralizec's picture

Below sea level  in 3...2...1...

Damn PPT!

Fri, 05/18/2012 - 14:48 | 2441173 CPL
CPL's picture

No volume.



Fri, 05/18/2012 - 14:55 | 2441231 CPL
CPL's picture



Fucking defenses...

Fri, 05/18/2012 - 14:58 | 2441251 CPL
CPL's picture

Zig Zag and Hell's Blessing Online.

Fri, 05/18/2012 - 15:00 | 2441269 CPL
CPL's picture

Fuck the Algo's are fast...but dumb.

Fri, 05/18/2012 - 15:04 | 2441294 CPL
CPL's picture

Well I can confirm the algo's react to sentence structures..

Fri, 05/18/2012 - 15:06 | 2441303 CPL
CPL's picture

Time to go build a lanugage engine.  I'm done for the day...should snap back once the verbal nonsense I'm firing out of Twitter stops in a moment.

Fri, 05/18/2012 - 14:52 | 2441205 resurger
resurger's picture


Fri, 05/18/2012 - 14:04 | 2440927 redpill
redpill's picture

Yahoo Finance is now displaying Facebook stock price next to the main indices on the front page.  Because typing in "FB" is just so hard.  Just when you thought you'd seen it all...

Fri, 05/18/2012 - 14:10 | 2440945 Bay of Pigs
Bay of Pigs's picture

I saw that. Yet another sign the Apocalypse is upon us.

Fri, 05/18/2012 - 14:25 | 2440995 SILVERGEDDON

That is The Mark Of The Beast. Apocalypse Now, Bitchez. To all the paper participants - you got Zuckerburg - ed off. Now, GTFO. Silver at $28.00 yesterday is so much more satisfying. Except when it went down with the dingy on my way to the mother ship. Damm, I hate it when that happens. I bought one Face Plant share, wiped my ass with it, and mailed it off to Mark Z with my note expressing dissatisfaction with his new brand of toilet paper. Proof positive that it didn't work.

Fri, 05/18/2012 - 14:53 | 2441214 redpill
redpill's picture

Would you rather have a share of Facebook or an ounce of physical silver?  I know my answer.  I think I know yours too =)

Fri, 05/18/2012 - 14:09 | 2440942 jus_lite_reading
jus_lite_reading's picture

It gets better!! Shares of ZYNGA (yeah, that other ponzi stock everyone forgot about worth $10BILLION) has be halted!!

The rats can't flee the ship fast enough!!

If this is not clear evidence of cannibalizion of the entire FARCE called a "stock market" then I don't know what is!!



Fri, 05/18/2012 - 14:51 | 2441153 resurger
resurger's picture

I have outsmarted Nasdaq and bought the physical Facebook Certificates.

Max Ficher told me do so.

Fri, 05/18/2012 - 15:12 | 2441339 Ahmeexnal
Ahmeexnal's picture

Max Fish-head == Mathman == Jhonny Bravo

Fri, 05/18/2012 - 14:03 | 2440900 GeneMarchbanks
GeneMarchbanks's picture

The 'market' is like snail mail now that someone has the Morgue by the testicles.


Fri, 05/18/2012 - 13:59 | 2440901 derek_vineyard
derek_vineyard's picture

2 hours to arb ?  Need some new staff

Fri, 05/18/2012 - 14:01 | 2440905 Stoploss
Stoploss's picture

Had to get all the sell orders out of the way...


Then the underwriters had to come in and be the buyer..

Fri, 05/18/2012 - 14:01 | 2440906 xela2200
xela2200's picture

Not even FaceBook managed to keep the stock market on the green today. The market is in bad shape to be sure. Not even a bounce into next week.

Fri, 05/18/2012 - 14:04 | 2440928 midgetrannyporn
midgetrannyporn's picture

Actually FB is sucking the last of the loose cash out of the other stocks.

Fri, 05/18/2012 - 14:09 | 2440940 BeetleBailey
BeetleBailey's picture

Who wants to be risk on when the world could end over the weekend xela?

Just ask Graham Summers........

Good Investing!

Fri, 05/18/2012 - 14:00 | 2440907 apberusdisvet
apberusdisvet's picture

Piss poor market, sucky revenue platform.

Plus a CIA tool

What's not to like?

Fri, 05/18/2012 - 14:26 | 2441000 Dr. Richard Head
Dr. Richard Head's picture

Cut the price in half and double it, THEN I will buy. -

Fri, 05/18/2012 - 14:00 | 2440908 junkyardjack
junkyardjack's picture

I think Bloomberg just reported, European markets expected to open on Monday. US Markets selling off...

Fri, 05/18/2012 - 14:35 | 2441047 Dapper Dan
Dapper Dan's picture

oh no! 

Facebook Underwriters Said to Support Stock at Near $38 a Share

Facebook Inc. (FB) underwriters purchased the company’s stock to keep it from falling below $38 a share after debuting on the Nasdaq Stock Market, people with knowledge of the matter said.

The bankers supported the stock after Nasdaq OMX Group Inc. (NDAQ)faced difficulties delivering trade execution messages after the initial public offering, said one of the people, who asked not to be identified because the transactions are private.

Jonathan Thaw, a spokesman for Menlo Park, California-based Facebook, declined to comment.

Fri, 05/18/2012 - 15:31 | 2441457 ArrestBobRubin
ArrestBobRubin's picture

The bullshit and spin start already. The things a bomb, a media creation. And they'll find every way to try to tell us it's not, it's HOT, it's must-have.


Fri, 05/18/2012 - 14:00 | 2440909 bdc63
bdc63's picture

better never than late, as I always say

Fri, 05/18/2012 - 14:02 | 2440912 navy62802
navy62802's picture

That's what she said.

Fri, 05/18/2012 - 14:02 | 2440915 max2205
max2205's picture

That vol just showed on thr charts. 15 or so million shares. Fuck

Fri, 05/18/2012 - 14:03 | 2440919 barliman
barliman's picture


Market price ...

... say no more!

(You are, however, allowed to quietly whimper as long as you don't disturb our enjoyment of your deserved suffering.)


Fri, 05/18/2012 - 14:03 | 2440924 Trimmed Hedge
Trimmed Hedge's picture

FB = Most. Amazing. Stock. Ever!!

Fri, 05/18/2012 - 14:09 | 2440941 tocointhephrase
tocointhephrase's picture

MDB do you have a trimmed hedge?

Fri, 05/18/2012 - 14:13 | 2440957 Not Too Important
Not Too Important's picture

Does the carpet match the drapes, or do you have hardwood floors?

Fri, 05/18/2012 - 14:08 | 2440934 TWSceptic
TWSceptic's picture

<7% seems to be it. Not great.

Fri, 05/18/2012 - 14:11 | 2440951 tocointhephrase
tocointhephrase's picture

SilVe2 3i7cHez_--

Fri, 05/18/2012 - 14:09 | 2440936 JoeStocks
JoeStocks's picture

FB market cap of $112.8 bil higher than.. AMZN, BHP, BUD, PEP or TOT

Sym Name Last Market Cap Links AMZN Amazon.Com 215.90 101,962,536     BHP Bhp Billiton Limited 62.93 103,447,560     BUD Anheuser-Busch Inbev Sa 68.23 112,585,648     PEP Pepsico 68.02 109,139,528     TOT Totalfinaelf S.A. 43.95 104,738,520    
Fri, 05/18/2012 - 14:44 | 2441133 jus_lite_reading
jus_lite_reading's picture

If every man woman and child alive now, and all those dead and buried for the past 6000 years signed up for a Farcebook account it would be very hard to justify that sort of market cap based on (diminshing) "earnings"...

Ads on Facrebook don't work, just like a one app wonder company can't sustain a $12 Billion market cap. Plain and simple. Now, who wants to buy up some ad space? 



Fri, 05/18/2012 - 14:10 | 2440947 hannah
hannah's picture the price at open was going to zero so the nasdaq shut the system down.

Fri, 05/18/2012 - 14:13 | 2440960 blunderdog
blunderdog's picture


Now that that's out of the way, is FB gonna buy Greece?

Fri, 05/18/2012 - 14:17 | 2440967 Cognitive Dissonance
Cognitive Dissonance's picture

Greece has other plans.

"Greece No Longer a Nation; Announces Plan to Become Social Network"

Fri, 05/18/2012 - 14:48 | 2441172 jus_lite_reading
jus_lite_reading's picture

Breaking news>> Goldman Sucks now the self-declared underwriter of Nation of Greece IPO. Plans to go public next week. Symbol- OUZO. Sees $100 Trillion market cap with 70,000% growth over the next 20 years. This is a hot one. There is no better time to buy than right now! Get in line!<< End of transmission

Fri, 05/18/2012 - 14:50 | 2441188 barliman
barliman's picture


Meanwhile ...

"Facebook underwriters request Treasury Department and Federal Reserve allow FaceBook to be declared a bank holding company in order to allow access to Fed discount window, ZIRP and Operation Twist."


Fri, 05/18/2012 - 15:02 | 2441278 jus_lite_reading
jus_lite_reading's picture

Breaking news>> Facebook's underwriters now filing with the United Nations, IMF and WHO for FarceBook to become a sovereign nation. All Wall Street CEOs, board of directors, company insiders and family can apply for immediate citizenship and renounce their US citizenship.<< End of transmission

Fri, 05/18/2012 - 14:17 | 2440966 Wakanda
Wakanda's picture

The nasdaq vacuum tubes have just returned from a parallel reality where FB currently trades at 54.

The veils between the worlds are getting thinner.

Fri, 05/18/2012 - 14:25 | 2440997 barliman
barliman's picture


"But OMG!!!!

The drapes between the worlds are just fabulous!!!"


Fri, 05/18/2012 - 14:42 | 2441118 Cognitive Dissonance
Cognitive Dissonance's picture


I got them on sale at JC Penny.

Fri, 05/18/2012 - 14:19 | 2440972 Boilermaker
Boilermaker's picture

If you can't get there on time, get there when you can!

Fri, 05/18/2012 - 14:20 | 2440973 djsmps
djsmps's picture

And Bob Pisani declares it a huge success because the insiders got their stock at $1.11.

Fri, 05/18/2012 - 14:22 | 2440984 RichardENixon
RichardENixon's picture

Well if that's the case, it has certainly achieved its objective.

Fri, 05/18/2012 - 14:22 | 2440981 Loukanika the r...
Loukanika the riot dog's picture

FB my arse.

There are other things happening in the world of finance right now and actual lives are at stake because of it!

Fuckimg sink in your own pile of shit you yankee scum!

Eat shit and die!!

Fri, 05/18/2012 - 14:23 | 2440987 RichardENixon
RichardENixon's picture

Hey what are you doing in here. Go back to Facebook.

Fri, 05/18/2012 - 15:51 | 2441560 PeaceLover
PeaceLover's picture

Mark Suckerberg is that you

Sat, 05/19/2012 - 09:04 | 2443041 Ljoot
Ljoot's picture

I like the tilt of your jib.


Fri, 05/18/2012 - 14:22 | 2440982 navy62802
navy62802's picture

ZNGA = slaughtered upon the alter of Facebook.

Halted twice. Currently trading at about 73% of IPO. Ugly.

Fri, 05/18/2012 - 14:54 | 2441224 jus_lite_reading
jus_lite_reading's picture

I don't know why they haven't updated in a while but one of my favorite reads...

They have got ZNGA, GRPN, YELP, LNKD and NFLX in this article... FUNNY because they were 100% SPOT ON ABOUT THOSE PONZIS!!!

Fri, 05/18/2012 - 15:33 | 2441474 ArrestBobRubin
ArrestBobRubin's picture

No, not ugly... EXCELLENT! Yee-ha, what a day.

Fri, 05/18/2012 - 14:22 | 2440983 firstdivision
firstdivision's picture

...aaaaand were back in the Ardennes

Fri, 05/18/2012 - 14:24 | 2440990 ruttrow
ruttrow's picture

Glad I did not invest today. Feel sorry for the losers... not. 

Fri, 05/18/2012 - 14:26 | 2440998 junkyardjack
junkyardjack's picture

You've got to play to win...

Fri, 05/18/2012 - 14:28 | 2441009 navy62802
navy62802's picture

You've got to play to lose ...

Fri, 05/18/2012 - 14:27 | 2441003 breakyoself
breakyoself's picture

Never thought I would hear head cheerleader Bob Pisani say FB ipo was overhyped; he seems depressed. Kaminsky says the people will be pleased when they see tomorrow's headlines. Those that are aware of the market will know this was a total bust no matter how the spin it.

Fri, 05/18/2012 - 14:27 | 2441007 Debtless
Debtless's picture

Today was the greatest day in the history of capitalism, America and wall street.


Fri, 05/18/2012 - 14:28 | 2441008 kralizec
kralizec's picture

Better never than ever!

Fri, 05/18/2012 - 14:33 | 2441039 Roland99
Roland99's picture

oh...there they are.  I *knew* I should have checked in my FaceBulk Mail folder....

Fri, 05/18/2012 - 14:34 | 2441042 Waterfallsparkles
Waterfallsparkles's picture

I think that the Big Boys sold their Shares to Retail.  They also bet heavy on Shorts for the Nasdaq stocks that had run up huge before the Facebook IPO open.  So many people were buying Goog, Amzn, lnkd, nflx, etc.  expecting a huge pop in Facebook.  Those who shorted those shares made huge gains.

Biggest Shearing of the Lambs in a long time.

Fri, 05/18/2012 - 14:34 | 2441046 Debtless
Debtless's picture

FB just got its first downgrade to sell. Pivotal.

Fri, 05/18/2012 - 14:34 | 2441051 q99x2
q99x2's picture

Can't GS get their clients to buy that shit up.

Fri, 05/18/2012 - 14:46 | 2441156 monopoly
monopoly's picture

This is just insane. What a piece of crap this will turn out to be. Another 100 millionaires and we still have 47 million on food stamps and real unemployment at 15%+. When can I short this useless stock.

Fri, 05/18/2012 - 14:49 | 2441180 monopoly
monopoly's picture

What really amazes me is that stock buyers really thought this was going to be the second coming and move everything higher, fix Greece and the rest of broken Europe, get AAPL back to 640, sell gold and create millions of jobs. How can a human being with 1/2 a frontal lobe be so fucking stupid.

Beyond words.

Fri, 05/18/2012 - 14:55 | 2441228 TraderTimm
TraderTimm's picture

I wonder what Shore T. Faycebuk has to say about it.

All I know is I like his profile.



Fri, 05/18/2012 - 15:06 | 2441301 Money 4 Nothing
Money 4 Nothing's picture

Forgot to plug in B.A.T.S. Facebook Faceplant? Or just front running the shit out of it?

Fri, 05/18/2012 - 15:09 | 2441314 Yikes
Yikes's picture

Final hour.  Not looking good.  38 handle

Fri, 05/18/2012 - 15:13 | 2441342 Winston Smith 2009
Winston Smith 2009's picture



Facebook Inc (NASDAQ:FB)

LMAO.  The 67 million shares owned by the underwriters (according to Bloomberg) may be kicking in any time now just like they did the last time it hit $38.  Can't let that price approach reality on day one, ya' know.  Gotta' let all kinds of suckers invest first.

Fri, 05/18/2012 - 15:15 | 2441360 azzhatter
azzhatter's picture

FaceFuck just makes the CIA's job easier. People just post all their shit online so no investigation is neccessary. Fucking doofus "Look at Me" generation thinks anybody gives a fuck about their boring mundane lives

Fri, 05/18/2012 - 15:35 | 2441485 Winston Smith 2009
Winston Smith 2009's picture

Not just the CIA, but any "intel" or government agency in the US or, for that matter, the world.  I wish I could find the detailed article I read somewhere on-line about that.

Fri, 05/18/2012 - 15:24 | 2441414 Yikes
Yikes's picture

Uh Oh. 38.07

Fri, 05/18/2012 - 15:33 | 2441476 TWSceptic
TWSceptic's picture

`Aaaand it's gone'

Fri, 05/18/2012 - 15:37 | 2441494 ArrestBobRubin
ArrestBobRubin's picture

Aww, how cute- - the Little Algo that Could.... it's trying to keep Farcebook above 38....

I think I can I think I can I think I can!

Me? I hope he cannot.

Fri, 05/18/2012 - 15:38 | 2441497 Winston Smith 2009
Winston Smith 2009's picture

This IPO fizzle has gained me just a tad more respect for investors than I had just this morning.  Some people actually have memories longer than a decade and know pure BS dot.bomb valuations when they see them.

Fri, 05/18/2012 - 15:44 | 2441527 breakyoself
breakyoself's picture

Can we get a Facebook special show this weekend?

Fri, 05/18/2012 - 15:46 | 2441537 insanelysane
insanelysane's picture

NASDAQ shorted the stock themselves just like Goldman takes care of Muppets.  Take all of the orders at 42 and wait for stock to drop below 40, buy it and start handing it to muppets for 42.  Nice $2+ per share and enjoy the weekend.

Fri, 05/18/2012 - 15:46 | 2441539 Yikes
Yikes's picture

The battle to hold offering price of $38 is in full swing.

Fri, 05/18/2012 - 15:56 | 2441586 Winston Smith 2009
Winston Smith 2009's picture

Yep, now we're going to see how many buy and hold heroes bought FB vs how many buyers panic after not making it rich on day one.

Fri, 05/18/2012 - 16:01 | 2441570 technicalanarchy
technicalanarchy's picture

Seems to have a mysterious base at 38.00. How much longer can JP and MS keep pumping 38 million a minuite into keeping it proped up. Only have 7 mins left.

CNBC kills me 

Shorting Facebook: Tough Trade, Brave Move and Was the Facebook Deal Overhyped?

38.23 at close, over hyped I think not!!!!! Muhahahahahaha

Fri, 05/18/2012 - 16:11 | 2441665 falak pema
falak pema's picture

are you saying this is an artificial market manipulated hard-on on steroids at 38? that the Squid has organised?

Fri, 05/18/2012 - 15:59 | 2441601 Winston Smith 2009
Winston Smith 2009's picture

And look at the IDIOTIC excuses Joey W is making on Business Insider (to which I replied):

Fri, 05/18/2012 - 16:01 | 2441614 Yikes
Yikes's picture

Print it $38.17 close.  

Fri, 05/18/2012 - 16:12 | 2441641 Winston Smith 2009
Winston Smith 2009's picture

$38.11 (after hours), 554.62M shares sold of 2.47B offered:

It'll be really interesting to see how many suckers buy next week.

Fri, 05/18/2012 - 17:47 | 2442033 WallStreetRanter
WallStreetRanter's picture

FYI, there are still, as of 5:45 ET, pending cancels out there with no confirmation of either execution or cancellation........

The Wall Street Ranter

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